The e-commerce market is set to grow in the UAE & KSA, forecasts research firm RedSeer Consulting.
Online retail market in the UAE is worth $5.7 billion market currently. It rose 55% since the onset of COVID-19, and is expected to keep growing through Q4 2020 to cross $6 billion annually by the end of the year. The number of online orders per day has increased by 37% since February 2020, touching nearly 200,000 orders per day during the lockdown period.
The Kingdom of Saudi Arabia (KSA) currently boasts an e-tail market worth $5.2 billion, which increased by over 33% since the onset of COVID-19. KSA’s online retail market is expected to grow exponentially through Q4 2020. The number of online orders per day has increased by 14% since February 2020.